Russell Investments Group Ltd. Reduces Holdings in MasterBrand, Inc. (NYSE:MBC)

Russell Investments Group Ltd. reduced its position in MasterBrand, Inc. (NYSE:MBC) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 496,885 shares of the company’s stock after selling 41,605 shares during the period. Russell Investments Group Ltd. owned approximately 0.39% of MasterBrand worth $7,379,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in MasterBrand by 0.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,181 shares of the company’s stock valued at $3,477,000 after acquiring an additional 1,067 shares during the last quarter. HM Payson & Co. lifted its position in shares of MasterBrand by 70.0% during the third quarter. HM Payson & Co. now owns 2,975 shares of the company’s stock worth $36,000 after purchasing an additional 1,225 shares during the last quarter. Whittier Trust Co. increased its holdings in MasterBrand by 102.9% in the fourth quarter. Whittier Trust Co. now owns 3,112 shares of the company’s stock valued at $46,000 after buying an additional 1,578 shares during the last quarter. Factorial Partners LLC raised its stake in MasterBrand by 1.7% during the third quarter. Factorial Partners LLC now owns 122,400 shares of the company’s stock valued at $1,487,000 after buying an additional 2,000 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in MasterBrand by 22.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,658 shares of the company’s stock worth $188,000 after buying an additional 2,310 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

MasterBrand Price Performance

Shares of MBC opened at $17.48 on Wednesday. The stock has a 50 day moving average of $17.67 and a 200-day moving average of $15.21. MasterBrand, Inc. has a 52 week low of $8.03 and a 52 week high of $19.07. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 12.49 and a beta of 1.82. The company has a current ratio of 1.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58.

MasterBrand (NYSE:MBC) last released its earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. MasterBrand had a net margin of 6.68% and a return on equity of 17.24%. The firm had revenue of $677.10 million during the quarter.

MasterBrand Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.